Morning Read: Flat Week for Stocks, Fat Lip for Nasdaq

By Brendan Conway

Market check: Index futures are flat coming off the biggest single-day gain in the S&P 500 in three weeks, in spite of a three-hour trading interruption at the Nasdaq (NDAQ)Thursday. Yield on the 10-year Treasury bond hit a fresh two-year high this morning, at 2.91%. The price of gold is edging 0.2% higher, to $1,373. Nasdaq chief Bob Greifeld was on CNBC this morning saying the exchange needs to improve at what he termed “defensive driving.” The exchange is live more than 99.9% of the time, he said, deflecting host Andrew Ross Sorkin’squestion whether the exchange will be held liable for the interruption. This morningLast night, the SEC put out a statement from chair Mary Jo White calling the events “serious” and pledging action. “I will work to advance rules that the Commission proposed earlier this year regarding new standards for the trading and other systems that are central to the integrity of our markets,” it read, also pledging a meeting of exchange and trading honchos to “accelerate ongoing efforts” to improve market structure.

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